The Global Monetary System
One of the more interesting phases of the development and growth of the Canadian economy came during the period of time in which Canada was under the gold standard from 1854 – 1914 and 1914 – 1926. Internationally, many policies and institutions have influenced and shaped the value of currencies. The ever-increasing U.S. trade deficit and the fall of the U.S. dollar have wreaked havoc on the international monetary system. The universality of currency problems is depicted in a new opening case, “Currency Trouble in Malawi, ” while the new Country Focus, “The U.S. Dollar, Oil Prices, and Recycling Petro-dollars,” further explains these linkages. A new closing case on “Economic Turmoil in Latvia” explains life in the “post-Soviet” era. After reaching record-breaking prices, gold and oil prices have remained elevated through 2015, and their effect on the global monetary system remains noteworthy.
This program qualifies for 1.0 CE credit(s).
- This continuing education program has been reviewed and approved against The Institute’s Practice Guidelines for Financial Advisors and Planners.
- Please note that the content of this session aligns with the FPSC’s CE requirements for the category of ‘Financial Planning’, however, it remains the responsibility of the CFP Professional to confirm this.